JP Executive Insight Newsletter - Issue 3, 2023

JP Executive Insight (formerly Jnet) is the bilingual newsletter of KPMG U.S. Japanese Practice. Published since 1997, the newsletter is issued quarterly to update you on audit, accounting, tax, and other business issues relevant to Japanese companies operating in the United States.

日本語のページはこちら (Read in Japanese)

 

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Directors Quarterly: July 2023

This edition shares insights from our recent Audit Committee Leadership Forum and Board Leadership Conference (AI, geopolitical risk, trust, and talent were front-and-center). It also looks at recent proxy season trends and how they may shape engagement during the proxy off-season, as well as insights from our 2023 survey and takeaways from the Audit Committee Blueprint, a joint report by the KPMG BLC and NACD.

The Art of Continuous Transformation

In the era of continuous transformation, companies need to orchestrate an evolving set of initiatives. Here’s how it’s done.

SEC's Final Cybersecurity Rules: A Board Lens

The final rules do not require companies to disclose board-level cybersecurity expertise, do not require aggregating unrelated non-material cyber incidents, and more generally, narrowed in certain respects the information to be disclosed. Nonetheless, the rules impose significant disclosure requirements that will require more robust oversight by the board.

Cybersecurity Considerations

This annual report identifies eight considerations that CISOs should prioritize in the year ahead as they seek to accelerate recovery times, reduce the impact of incidents on employees, customers and partners and aim to ensure their security plans enable — rather than expose — the business.

Auditing and Accounting Update

This section provides a summary of brief updates from the previous quarter on regulatory developments in auditing and accounting that may impact Japanese companies in the United States.

Tax Update

This section provides a summary of brief updates from the previous quarter on legislative, judicial, and administrative developments in tax that may impact Japanese companies operating in the United States.